As central banks around the world grapple to control the economic impact, it can be reasonably expected that more and more of them will take a dramatic change of policy course and take rates to below zero - like their peers in Europe and Japan.

There is legitimate debate about the efficacy of negative interest rates on boosting economies.

It’s not just the US, the world’s largest economy, which is moving towards this scenario.

On Tuesday, the Deputy Governor of the Bank of England also suggested that the UK may be headed toward negative interest rates.

A new global era of negative interest rates would have been unimaginable even a few months ago. But this has now changed due to the coronavirus.

Negative interest rates are coming and investors will now be looking to bolster their portfolios to ‘get ahead of the curve and build wealth.

Rate options, which gauge monetary policy forecasts, implied on Monday a 23% likelihood that the key federal funds rate will drop below zero by the end of 2020, according to BofA Securities data.

If happen, all their money may flow to Asian countries with higher interest income.

Australia, New Zealand, Canada, UK and USA maybe will reach negative interest rate bcause already near zero interest rate

At 1% interest rate maybe

If Malaysia reach negative interest rate, ringgit will go to 5~6 against usd

Australia is the most China-reliant economy in the developed world, leaving it vulnerable to blowback from Prime Minister Scott Morrison’s calls for an independent probe into the origins of the coronavirus.

Authorities in Beijing wasted little time responding. First, their ambassador warned Chinese citizens may no longer visit Down Under or choose it as the destination to educate their children. And this week, China announced an anti-dumping probe into barley exports and the suspension of meat imports from four Australian processing plants.

The big ticket items of iron ore, coal and natural gas that China needs to build and fuel its economy have so far remained unmentioned. But the barley and beef blows -- which authorities from both sides have sought to downplay -- can be interpreted as shots across the bow of Australia’s economy.

Australia is the most China-reliant economy in the developed world, leaving it vulnerable to blowback from Prime Minister Scott Morrison’s calls for an independent probe into the origins of the coronavirus.

Authorities in Beijing wasted little time responding. First, their ambassador warned Chinese citizens may no longer visit Down Under or choose it as the destination to educate their children. And this week, China announced an anti-dumping probe into barley exports and the suspension of meat imports from four Australian processing plants.

The big ticket items of iron ore, coal and natural gas that China needs to build and fuel its economy have so far remained unmentioned. But the barley and beef blows -- which authorities from both sides have sought to downplay -- can be interpreted as shots across the bow of Australia’s economy.

Australia is the most China-reliant economy in the developed world, leaving it vulnerable to blowback from Prime Minister Scott Morrison’s calls for an independent probe into the origins of the coronavirus.

Authorities in Beijing wasted little time responding. First, their ambassador warned Chinese citizens may no longer visit Down Under or choose it as the destination to educate their children. And this week, China announced an anti-dumping probe into barley exports and the suspension of meat imports from four Australian processing plants.

The big ticket items of iron ore, coal and natural gas that China needs to build and fuel its economy have so far remained unmentioned. But the barley and beef blows -- which authorities from both sides have sought to downplay -- can be interpreted as shots across the bow of Australia’s economy.

May 15, 2020 5:09 pm by James Politi and Kiran Stacey in Washington
The Trump administration has increased the pressure on Huawei by tightening export controls on the Chinese telecoms group and its suppliers, heightening tensions with Beijing that have flared during the coronavirus pandemic.

The US commerce department accused Huawei of continuing to use American technology in its semiconductor designs, despite having been subject to export controls since May 2019.

The move to close loopholes in those controls came at the end of a week in which the Trump administration prevented a government pension fund from investing in Chinese stocks and President Donald Trump suggested the US could “cut off the whole relationship” with China.

May 15, 2020 5:09 pm by James Politi and Kiran Stacey in Washington
The Trump administration has increased the pressure on Huawei by tightening export controls on the Chinese telecoms group and its suppliers, heightening tensions with Beijing that have flared during the coronavirus pandemic.

The US commerce department accused Huawei of continuing to use American technology in its semiconductor designs, despite having been subject to export controls since May 2019.

The move to close loopholes in those controls came at the end of a week in which the Trump administration prevented a government pension fund from investing in Chinese stocks and President Donald Trump suggested the US could “cut off the whole relationship” with China.

May 15, 2020 5:09 pm by James Politi and Kiran Stacey in Washington
The Trump administration has increased the pressure on Huawei by tightening export controls on the Chinese telecoms group and its suppliers, heightening tensions with Beijing that have flared during the coronavirus pandemic.

The US commerce department accused Huawei of continuing to use American technology in its semiconductor designs, despite having been subject to export controls since May 2019.

The move to close loopholes in those controls came at the end of a week in which the Trump administration prevented a government pension fund from investing in Chinese stocks and President Donald Trump suggested the US could “cut off the whole relationship” with China.

So when Trump called for the Federal Reserve to to “accept the GIFT” of negative interest rates on Tuesday, a layman might have reasonably interpreted his proposal as the cockamamie fantasy of a certified crank. But the idea that America’s central bank should set benchmark interest rates below zero — which is to say, that it should start taxing the reserves of commercial banks instead of paying interest on them — is not peculiar to Trump. In fact, many respected economists believe that the U.S. should embrace the policy, which is already in effect in Europe and Japan. Further, as of earlier this week, Wall Street investors were betting that the Fed will bring interest rates below zero by mid-2021 in order to promote recovery from the coronavirus crisis.

So when Trump called for the Federal Reserve to to “accept the GIFT” of negative interest rates on Tuesday, a layman might have reasonably interpreted his proposal as the cockamamie fantasy of a certified crank. But the idea that America’s central bank should set benchmark interest rates below zero — which is to say, that it should start taxing the reserves of commercial banks instead of paying interest on them — is not peculiar to Trump. In fact, many respected economists believe that the U.S. should embrace the policy, which is already in effect in Europe and Japan. Further, as of earlier this week, Wall Street investors were betting that the Fed will bring interest rates below zero by mid-2021 in order to promote recovery from the coronavirus crisis.

So when Trump called for the Federal Reserve to to “accept the GIFT” of negative interest rates on Tuesday, a layman might have reasonably interpreted his proposal as the cockamamie fantasy of a certified crank. But the idea that America’s central bank should set benchmark interest rates below zero — which is to say, that it should start taxing the reserves of commercial banks instead of paying interest on them — is not peculiar to Trump. In fact, many respected economists believe that the U.S. should embrace the policy, which is already in effect in Europe and Japan. Further, as of earlier this week, Wall Street investors were betting that the Fed will bring interest rates below zero by mid-2021 in order to promote recovery from the coronavirus crisis.

Official data showed that Singapore's Retail Sales dropped 13.3% on year in March (-16.8% expected, -8.4% in February), the biggest decline since 1998.
Singapore's Official Purchasing Managers Index (PMI) fell to 44.7 in April (40.0 expected) from 45.4 in March.

Meanwhile, the IHS Markit Singapore PMI plunged to 28.1 in April from 33.3 in March.

Official data showed that Singapore's Retail Sales dropped 13.3% on year in March (-16.8% expected, -8.4% in February), the biggest decline since 1998.
Singapore's Official Purchasing Managers Index (PMI) fell to 44.7 in April (40.0 expected) from 45.4 in March.

Meanwhile, the IHS Markit Singapore PMI plunged to 28.1 in April from 33.3 in March.

Official data showed that Singapore's Retail Sales dropped 13.3% on year in March (-16.8% expected, -8.4% in February), the biggest decline since 1998.
Singapore's Official Purchasing Managers Index (PMI) fell to 44.7 in April (40.0 expected) from 45.4 in March.

Meanwhile, the IHS Markit Singapore PMI plunged to 28.1 in April from 33.3 in March.

Wti crude: $23.81/barrel
Brent crude: $29.46/barrel

KUALA LUMPUR (May 5): Ageson Bhd’s share price rose as much as 25% today, after the company said it secured a RMB44.8 billion (RM27.5 billion) purchase order from a China-based company for the supply of sand over 15 years.

At 10.26am, the counter rose 2.5 sen or 15.6% to 18.5 sen, with some 124.83 million shares traded, which accounts for about 21% of its total outstanding share base of 582.11 million shares.

Earlier, the counter rose as much as four sen or 25% to a record high of 20 sen.

Yesterday, Ageson announced that its wholly-owned subsidiary Esa Pile Sdn Bhd accepted the purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for the supply of river and sea sand for 15 years.

KUALA LUMPUR (May 5): Ageson Bhd’s share price rose as much as 25% today, after the company said it secured a RMB44.8 billion (RM27.5 billion) purchase order from a China-based company for the supply of sand over 15 years.

At 10.26am, the counter rose 2.5 sen or 15.6% to 18.5 sen, with some 124.83 million shares traded, which accounts for about 21% of its total outstanding share base of 582.11 million shares.

Earlier, the counter rose as much as four sen or 25% to a record high of 20 sen.

Yesterday, Ageson announced that its wholly-owned subsidiary Esa Pile Sdn Bhd accepted the purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for the supply of river and sea sand for 15 years.

KUALA LUMPUR (May 5): Ageson Bhd’s share price rose as much as 25% today, after the company said it secured a RMB44.8 billion (RM27.5 billion) purchase order from a China-based company for the supply of sand over 15 years.

At 10.26am, the counter rose 2.5 sen or 15.6% to 18.5 sen, with some 124.83 million shares traded, which accounts for about 21% of its total outstanding share base of 582.11 million shares.

Earlier, the counter rose as much as four sen or 25% to a record high of 20 sen.

Yesterday, Ageson announced that its wholly-owned subsidiary Esa Pile Sdn Bhd accepted the purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for the supply of river and sea sand for 15 years.

Fitch Solutions has lowered its forecast for the Singapore dollar's 2020 average exchange rate to $1.425 per US dollar, from its previous average forecast of $1.385, in the light of the Covid-19 crisis.

The market insights firm yesterday said the currency has "clear prospects of sustained weakness" over the course of this year, given that the risks posed by the coronavirus pandemic are likely to persist through most of the year.

Fitch Solutions has lowered its forecast for the Singapore dollar's 2020 average exchange rate to $1.425 per US dollar, from its previous average forecast of $1.385, in the light of the Covid-19 crisis.

The market insights firm yesterday said the currency has "clear prospects of sustained weakness" over the course of this year, given that the risks posed by the coronavirus pandemic are likely to persist through most of the year.

Fitch Solutions has lowered its forecast for the Singapore dollar's 2020 average exchange rate to $1.425 per US dollar, from its previous average forecast of $1.385, in the light of the Covid-19 crisis.

The market insights firm yesterday said the currency has "clear prospects of sustained weakness" over the course of this year, given that the risks posed by the coronavirus pandemic are likely to persist through most of the year.

USA will collect back the Qing dynasty bonds from China.

USA will feed dog rather than Who.

Chinese virus

Wuhan virus

Soon trump will claim compensation from China.

You Chinese don't come and migrating to USA. You Chinese virus. Donald. Ban them from enter USA.

We Westerner are superior white. White supremacy. We will made American great again. You Chinese virus get out of USA.

U.S.
CHINA, UNTIL RECENTLY AMERICA'S LARGEST CREDITOR, WON'T BE FUNDING YOUR STIMULUS CHECK
BY SHANE CROUCHER ON 4/22/20 AT 12:25 PM EDT

Money Is Still Pouring Out Of Emerging Markets, Except For China

China’s counterparts — Brazil, Russia, India, South Africa and even Mexico — have not lured investors in, even on the lows.

There will always be investors looking for deals in emerging markets in the middle of a sell-off and a crisis — buy low, sell high, afterall — but judging by fund flow data, the big money is willing to wait this one out.

China’s equity market raked in almost $10 billion of net fund inflows since the beginning of March 2020, according to fund flow data provider EPFR Global in Cambridge, Massachusetts. They are the only stand out.

Foreign Central Banks Sell $109 Billion of Treasuries in March
By Emily Barrett
April 2, 2020, 4:48 PM EDT
Custody holdings at Fed post largest monthly drop on record
Decline comes as Fed rolls out repo facility to ease pressure

Wti crude oil : $13.63/barrel
Brent crude oil: $21.08/barrel

Wti crude oil : $13.63/barrel
Brent crude oil: $21.08/barrel

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BNM expected to cut OPR by another 75 basis points — CGS-CIMB
Lai Ying Yi
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theedgemarkets.com

April 23, 2020 11:40 am +08



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KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said today it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

CGS-CIMB economists Michelle Chia and Lim Yee Ping wrote in a note that the nation’s monetary policy is likely to become more accommodative and CGS-CIMB expects BNM to reduce the OPR by 50bps this May, followed by a further 25bps cut in the second half of 2020.

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BNM expected to cut OPR by another 75 basis points — CGS-CIMB
Lai Ying Yi
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theedgemarkets.com

April 23, 2020 11:40 am +08



-A+A
KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said today it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

CGS-CIMB economists Michelle Chia and Lim Yee Ping wrote in a note that the nation’s monetary policy is likely to become more accommodative and CGS-CIMB expects BNM to reduce the OPR by 50bps this May, followed by a further 25bps cut in the second half of 2020.

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MALAYSIACORPORATE
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BNM expected to cut OPR by another 75 basis points — CGS-CIMB
Lai Ying Yi
/
theedgemarkets.com

April 23, 2020 11:40 am +08



-A+A
KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said today it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

CGS-CIMB economists Michelle Chia and Lim Yee Ping wrote in a note that the nation’s monetary policy is likely to become more accommodative and CGS-CIMB expects BNM to reduce the OPR by 50bps this May, followed by a further 25bps cut in the second half of 2020.

By Geoff Earle, Deputy U.s. Political Editor For Dailymail.com
21:21 24 Apr 2020, updated 16:00 26 Apr 2020

Of the amount of debt on the asset, $211 million was owed to the state-owned Bank of China.

The building is valued at more than $1 billion.

The loan was soon securitized and sold, according to the company, which produced a financial document confirming the sale of the loan.

The loan, reported on Friday by Politico, derived from the Trump Organization's 30 per cent stake in the 1290 Avenue of the Americas building, bounded by 52nd Street and steps from Radio City Music Hall. However the loan then was repackaged, and the Bank of China says it no longer has any ownership of the loan.

Trump's partner, Vornado Realty Trust, refinanced the 43-story building in 2012, reported. Vornado has 70 per cent ownership.

President Donald Trump's company held a multi-million debt to Bank of China – in a large transaction that was the first by the state-owned back inside the United States.

Trump's ownership of the 43-story Manhattan tower has been known publicly for years and came up during his 2016 campaign. But it is getting a second look now that China is looking to be a flashpoint in his race against former Vice President Joe Biden.

Donald Trump's business empire was part of first American venture ever to get credit from Chinese communist party-controlled bank

Wti crude price: $1.65 per barrel
Brent crude price: $25.39 per barrel

Rebound: Oil prices rise after historic crash to below zero
US crude prices rose above $1.10 after a supply glut sent prices spiralling downward, but concerns about demand remain.

52 minutes ago
Oil prices recovered some lost ground from a historic crash on Tuesday, with United States crude turning positive after trading below $0 for the first time ever.

Rebound: Oil prices rise after historic crash to below zero
US crude prices rose above $1.10 after a supply glut sent prices spiralling downward, but concerns about demand remain.

52 minutes ago
Oil prices recovered some lost ground from a historic crash on Tuesday, with United States crude turning positive after trading below $0 for the first time ever.

SINGAPORE: Singapore reported a daily high of 1,426 new COVID-19 cases on Monday (Apr 20), bringing the national total to 8,014.

The vast majority of the new cases - 1,369 - are work permit holders living in foreign worker dormitories, according to a Ministry of Health (MOH) update on Monday night.

"The main increase today continues to be for work permit holders residing in dormitories, where we are picking up many more cases because of extensive testing," said the ministry. "These are not new infections as the workers are staying in their rooms and many have not reported sick. But when the teams go in to test them, many turn out to be positive."

Most of them have a mild illness and are being monitored in community isolation facilities or general wards. None are in the intensive care unit, MOH said.